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The captain of the sunken ferry in South Korea was formally charged and is in custody, state-run media reported early Saturday, citing prosecutors and police. Erin Burnett has more.
June 20th, 2012
05:11 PM ET

Bernanke: Federal Reserve can't do it all

In a news conference today, Ben Bernanke announced that although the Federal Reserve will extend one stimulus program through the remainder of the year, there is little he can do to spur economic growth without the help of Congress.

Bernanke said that monetary policy can't fix everything, and with interest rates already touching record lows, he may be running out of tricks.

Growth has not stalled yet, but it is undeniably sluggish – Bernanke added that Congress needs to provide a stable, long-term economic policy to truly spur growth. Erin Burnett discusses Bernanke's news conference with Wolf Blitzer.

Tune in tonight at 7PM/ET for Erin's full deconstruct.


Filed under: Economy
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